Travel Wallet YouTrip Sees Unstoppable Thai Baht as Opportunity
- Multi-currency wallet says baht strength spurs Thais to travel
- Firm is targeting 400,000 customers in Thailand in first year
Photographer: Justin Chin/Bloomberg
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YouTrip, the provider of a multi-currency travel wallet service in Asia, thinks it could be a beneficiary of Thailand’s high-flying baht.
The baht’s climb spurs foreign-exchange demand by encouraging Thais to travel and shop abroad, YouTrip’s Chief Executive Officer Caecilia Chu said in an interview in Bangkok. The company rolled out its service in Singapore last year and in Thailand this month.